Latest Threads on News from companies

Dubai Investments announced that DIP Angola, Angola's first fully integrated economic zone developed by the company, has signed its first tenant, Trice Chemicals IND. LLC. The UAE-based manufacturer will set up a manufacturing facility in DIP Angola's industrial and logistics hub, marking a significant milestone for the project. Located in Bengo Province, DIP Angola spans 2,000 hectares and includes industrial, commercial, residential, and recreational zones. Omar Al Mesmar of Dubai Investments highlighted the project's progress and its appeal to investors. The development is expected to boost regional manufacturing, create jobs, and enhance Angola's industrial sector. Trice Chemicals' Managing Partner, Prathyush Pradeep, expressed enthusiasm about the facility's potential to enhance regional operations. Strategically located near Luanda, DIP Angola offers connectivity to major transport routes and is anticipated to generate over 3,000 jobs in Phase 1, supporting Angola's industrial growth strategy.

Amanat Holdings announced that its subsidiary, Almasar Alshamil Education, has received approval from the Saudi Capital Market Authority for an initial public offering (IPO) on the Saudi Exchange. The IPO will involve 30% of Almasar Education's share capital, amounting to 30,720,400 shares. Almasar Education is a leading provider of specialist education in the GCC, focusing on Special Education Needs and higher education, and serves over 23,000 students. The company reported a 23% year-on-year revenue growth for the first half of 2025 and plans to expand its services in special education and higher education sectors. Further details will be available in the offering prospectus. The announcement specifies that the information is not for distribution in certain jurisdictions, including the United States and Canada, and does not constitute a sales offer.